The final plan for receipts: Taxpayers to pay up to 40% of their income to gov’t

The number of receipts, that employees and pensioners should collect, will depend on their annual income, according to the final proposal submitted by the Finance Ministry to the Institutions.

According to Vima newspaper, government’s proposal, which is expected to be tabled in the parliament in March, those with 9,500 euros annual income will have to collect proof of purchases that correspond to 15% of their annual declared income.

Those with annual income ranging from 9501 euros to 20,000 euros should collect receipts equal to 30% of their annual income, while those who declare over 20,000 euros annual income will have to collect receipts equal to 40% of their annual income.

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